What does a Procurement/Sourcing Manager do?
A Procurement/Sourcing Manager handles the organization’s procurement process, ensuring that the company obtains the necessary goods and services at the best price. They oversee the purchase of materials, supplies, and equipment, negotiating contracts with suppliers.
As the Procurement/Sourcing Manager, their main responsibility is to identify and evaluate potential suppliers based on key criteria such as quality, cost-effectiveness, and delivery timelines. They will work closely with suppliers to build and maintain strong relationships, negotiating favorable terms and conditions that align with the company’s needs and goals. Their expertise in negotiation will be instrumental in securing advantageous contracts that ensure that the procurement processes run smoothly.
Procurement/Sourcing Manager Responsibilities
- Identify and evaluate suppliers, negotiate terms, and drive improvement.
- Develop and execute strategies for cost optimization and materials availability.
- Lead negotiations for favorable terms and ensure legal compliance.
- Implement cost-saving initiatives while maintaining quality.
- Work with teams to maintain optimal inventory levels.
- Mitigate procurement risks and disruptions.
- Ensure adherence to policies, regulations, and ethical standards.
- Mentor the procurement team and foster a high-performance culture.
Procurement/Sourcing Manager Qualifications
- Bachelor’s degree in Supply Chain Management, Business Administration, or related fields. MBA is a plus.
- Strong understanding of procurement processes and supply chain management.
- Exceptional negotiation and communication skills.
- Ability to build and maintain strong supplier relationships.
- Analytical mindset for data-driven procurement decisions.
- Knowledge of contract management and legal requirements.
- Cost-conscious with experience in cost optimization.
- Excellent problem-solving and leadership abilities.
- Adaptability to work in a fast-paced manufacturing environment.
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